other material
confidence high
sentiment positive
materiality 0.55
Cocrystal Pharma receives ~$500K NIH SBIR award for influenza antiviral program
Cocrystal Pharma, Inc.
- Award from NIH/NIAID to support development of novel oral broad-spectrum antiviral for influenza A and B.
- Approximately $500,000 in non-dilutive funding; Phase I award to assess scientific and commercial potential.
- Funds will be used to characterize lead candidate molecules inhibiting the influenza polymerase complex.
- Successful Phase I completion may qualify Cocrystal to apply for a larger Phase II award.
- Company continues to pursue additional non-dilutive government and military funding.